Buffett’s first stock

I bought my first stock when I was 11. I don’t know why I waited so long, I was interested much earlier. But it took me until I was 11 to get the 120 bucks to buy it. I bought three shares of Cities Service, preferred at 38. It went to 27—you remember these things. My sister bought three shares with me. She couldn’t stand the idea that I was going to get rich and she wasn’t. We would walk to school and she kept reminding me as the stock went down. When it got back up to 40, I sold it. We each made $5 on our three shares. It went to 200 and something afterward. It doesn’t pay to talk to your sister about your stocks on the way to school.

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